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No foreclosure if notice does not include the name of the lender
Posted on April 25th, 2011 by Joseph William Singer.
Categories: Mortgages, Statute of frauds.
A New Jersey trial court has interpreted a state statute, N.J. Stat.. §2A:50-56, to require mortgage foreclosure notices to include the name of the lender (the current holder of the mortgage) as well as contact information. Because a notice included only the name of the mortgage servicer, the court dismissed the foreclosure complaint. read article
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